Credit-ratings agency Moody's Inc. on Friday affirmed its ratings of CA Inc., an information-technology management software company, and changed the outlook to "stable" from "negative."
Moody's affirmed its "Ba1" corporate family rating, the highest "junk" rating, one notch below investment grade.
Moody's said the company's restructuring has been successful and results have improved over the past several quarters.
In May the company said it swung to a fiscal fourth-quarter profit, helped by rising subscription and maintenance revenue and lower expenses.
For the fiscal year, profit more than tripled to $500 million, or 93 cents per share, compared with $118 million, or 22 cents per share, last year. Revenue rose 9 percent to $4.28 billion.
Moody's said the results reflect a strong IT-management software market, but also show the company successfully restructured its sales force.
"Bookings growth is an indicator of sales force success and future growth as those revenues will be recognized over a several year period," Moody's said in a statement.
Shares rose 19 cents to $23.97 during afternoon trading.
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